Phillip Nova: Gold may continue to fluctuate in the short term, with geopolitical news driving the market.
- Phillip Nova analyst Priyanka Sachdeva stated in a commentary that gold prices may remain volatile in the short term. Geopolitical tensions usually support safe-haven demand, but the current environment of high energy prices and a stronger US dollar is limiting the upward momentum of gold.
- She noted that until the geopolitical situation becomes clearer, gold prices may continue to fluctuate, driven by news events, and any diplomatic statement could potentially trigger a sharp reversal in gold prices.
- Currently, the ongoing tensions between the US and Iran, news such as Trump postponing the power grid strike plan, and Iran denying negotiations have already caused significant gold price swings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.
OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.
Garrett Jin's ZEC short position has an unrealized loss of $33.422 million.
Big iron ore miners deplete reserves faster than they replace
Crypto prices
More
